The theory of anisotropic elasticity was used to evaluate the anisotropic stress concentration factors of a composite laminated plate containing a small circular hole. This advanced composite material was used to manufacture the X-29A forward swept wing. Observe that the usual isotropic material stress concentration factor is three. However, for composite material, it was found that the anisotropic stress concentration factor is no longer constant, and that the locations of maximum tangential stress points could shift by changing the fiber orientation with respect to the loading axis. The analysis showed that through the lamination process, the stress concentration factor could be drastically reduced, and therefore the structural performance could be improved. Both the mixture rule approach and the constant strain approach were used to calculate the stress concentration factor. The results predicted by the mixture rule approach were about 20 percent deviate from the experimental data. However, the results predicted by the constant strain approach matched the testing data very well. This showed the importance of the inplane shear effect on the evaluation of stress concentration factor for the X-29A composite plate.